2023-04-18 05:24:00 ET
CrowdStrike (NASDAQ: CRWD) , Qualcomm (NASDAQ: QCOM) , and Snowflake (NYSE: SNOW) serve different parts of the tech sector, but they have much in common. Indeed, they all suffered massive declines amid the sell-off in 2022.
Still, they also maintained rapid growth amid the downturn. And while some slowing has occurred (especially with Qualcomm), a recovery could rally growth tech stocks when investors begin to show interest again.
CrowdStrike stands out in the crowded cybersecurity industry by taking a unique approach. The Falcon platform finds threats through crowdsourced data (hence the name). It also uses artificial intelligence (AI) and machine learning to more efficiently identify and address the trillions of security threats that arise weekly.
For further details see:
3 Explosive Growth Stocks to Buy in 2023 and Beyond